ANAROCK Report ‘Mumbai Redefined’ Launched at Economic Times’ ACETECH

Maximum City's real estate triumphs,
tribulations and opportunities on the road to future-readiness

ANAROCK
Property Consultants today released its research report ‘Mumbai Redefined’ in
association with ACETECH - the world’s 3rd largest exhibition
and Asia’s leading trade fair for architecture, building materials, innovation
and design, driven by Economic Times. The report was unveiled by Maharashtra
Chief Minister Devendra Fadnavis during the conference at Bombay
Exhibition Centre in Goregaon, Mumbai.

Anuj Puri, Chairman -
ANAROCK Property Consultants said, "Mumbai is in the midst of
major ongoing infrastructure upgrades, aimed at making the country's financial
capital more livable and 'workable'. Simultaneously, slum rehabilitation and
various other initiatives aimed at deploying more affordable housing have taken
centre-stage in a city with the dubious distinction of having the highest real
estate prices in the country. In ‘Mumbai Redefined’, ANAROCK explores Maximum
City's triumphs, tribulations and opportunities as it gears up for
future-readiness in the face of its present-day challenges."

The
report's vast and all-encompassing scope covers myriad factors about Mumbai's
dynamic real estate sector - from its earliest beginnings in the
pre-independence British era to the current day - analyzing the ongoing
opportunities and challenges, and suggesting real-time solutions.

Report
Highlights:

üMumbai – Current State of
Real Estate

üOngoing & Proposed
Infrastructure Upgrades

üDecentralization of
Business Centers

üSharp Focus -
Public-Private Partnership

üEnhancing Mumbai’s
Livability Quotient

üRecommended Revamps for
Mumbai

Sumit
Gandhi, CMD - ABE Conferences & Event Director -
ACETECH, said,
"This timely report coincides with a very exciting and important phase in
Mumbai's real estate evolution. While it strives to attain the status of a
truly global city, the country's financial capital must make rapid progress -
not only in meeting the existing and future housing demand but also in
embracing the concept of sustainable living, expediting the construction of
affordable housing and harnessing the power of public-private partnership.
‘Mumbai Redefined’ highlights the efforts already underway by the State
Government to bring in the required changes, simultaneously suggesting specific
policy revamps and new ways in which real estate developers can view the road
ahead."

While
the Government’s focus on revamping Mumbai is tremendous, there is no denying
that outdated processes, bureaucratic red tape and non-conducive market
conditions still hinder Mumbai's evolution into a city that can face the future
with confidence. The city is buckling under its growing population - however.
With a stronger political will, policy reforms and laser focus on bridging the
infrastructure gap, the Mumbai Metropolitan Region can evolve as the most
promising city for the current and future generations to live, work and
recreate in.

The
ANAROCK Group is one India’s leading real estate services companies, having
diversified interest across real estate value chain. The Group’s key strategic
business units comprise of the Residential business: broking and advisory
services to clients; Investment business: debt, equity and mezzanine funding,
and Research and Consulting business. ANAROCK’s Investment arm has built a
revolutionary business model of bulk-purchasing residential apartment inventory
through a proprietary investment fund. With a growing team of over 500
professionals, ANAROCK operates in all key property markets across India -
Mumbai, Chennai, Bangalore, Gurgaon, Noida, Hyderabad, Kolkata and Pune, and
has international presence in Dubai. With in-depth market information, quality
advice and developer tie-ups for optimal deals, we have been serving the
industry since 2011.